Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

25 Million in Real Estate at 23 Years Old?!

19 Jan 2024 · 0 min

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In this interview, a 23‑year‑old investor and his partner claim to have built a $25 million real‑estate portfolio without using any of their own cash. They explain that they purchased the properties through seller‑financed deals, emphasizing the distinction between debt and equity and stating that investors should prioritize the deal itself, then the debt structure, and finally the equity contribution. Their holdings include roughly 90 rental apartments and a resort that generates over $3,500 per day during the summer season, which they identify as the primary source of real‑estate profit. The host expresses skepticism, questioning whether the success is repeatable or merely luck.

This 23-year-old and his partner built a $25 million real estate portfolio without using their money. But I'm skeptical. Is their success a random stroke of luck, or have they truly unlocked the real estate code?
You can either buy real estate with two types of money. There's debt and there's equity. We bought that $0 out of pocket, seller financed as well. There's only three things investors care about. So the order is always deal, then debt, then equity. We bought about 90 rental apartments and then the resort. So in the summers we do a little bit over $3,500 per day. That's where the real money in real estate's made.